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This is coming from a person who loves wood and natural products, so if your budget allows and if you plan to stay in this home for a long time, I would definitely choose solid hardwood as it ticks many boxes and is the only product that, if installed properly, can last decades.
It is a more traditional look and is sold in a narrower plank width to avoid warping and cupping, but it can be refinished multiple times.
The bottom line is that the upfront cost of the material is more, but over the course of its lifespan it is an economical choice, because no engineered floor will outlast solid hardwood. Due to the fact that solid wood comes in narrow planks, this option is more limited today — only about 5% of the market installs solid hardwood in Canada now. Wider planks are generally more desirable these days, as well as the stability that comes from a plywood base.